BLM to cut up to six roles across healthcare practice in London and Manchester

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UK top 50 firm BLM has announced a review of its healthcare teams in London and Manchester, in a move that is set to lead to job cuts.

The insurance-focused firm confirmed that six roles in the healthcare department may be cut as part of the review.

A spokesperson for the firm said: “The review commenced last week and is currently ongoing. The decision to undertake a review has been taken as a result of changes within our marketplace, which have directly impacted upon the team.”

The review comes after news broke last November that the firm’s Leeds office was to be significantly shrunk, with 21 lawyers and staff jobs put into consultation. In February last year, the firm also put a number of its Manchester lawyers and partners in its fraud team at risk of redundancy as it looked to cut numbers.

BLM posted a 28% drop in profits per equity partner (PEP) for 2015-16, alongside a 3.5% increase in revenue. The firm’s PEP for the year ending 31 March 2016 was £192,000, down from £265,000 in 2014-15. However, revenue increased by 3.5% from £104.1m to £107.7m.

The firm was also hit by a wave of resignations in its Southampton office last year. Eight partners resigned from the firm, including its head of Southampton and Bristol, Michael Renshaw.

Other insurance-focused firms to have recently cut jobs include Clyde & Co, which announced last year that it had begun a redundancy consultation in its London aviation team, which it stated would affect a “small number” of senior associates.